Kingston Resources Limited - 2025 Mineral Resource Update Mineral Hill

About this update from Kingston Resources Ltd.

Kingston Resources Limited (ASX: KSN) ('Kingston' or 'The Company') is pleased to report a significant update to the Mineral Resource Estimate (MRE) for it's Mineral Hill Project , including upgrades to the Southern Ore Zone and Parker's Hill, together with a maiden resource for the the high-grade Red Terror deposit. Highlights: Substantial increase in Mineral Resources at Mineral Hill Total Mineral Resources increased by 29%, from 7.8Mt to 10Mt. Measured and Indicated comprise 60% (6.0Mt) of the total resources base, enhancing confidence in mine planning. Southern Ore Zone (SOZ) Total Resource increased by 15% to 4.4Mt. Measured resources rising 40% to 327kt @ 1.9g/t gold and 1.2% copper. Parkers Hill Indicated resources increased 63% at Parker's Hill to 2.9Mt. Mining studies to commence, assessing potential conversion to Ore Reserves and integration into life-of-mine plan. Red Terror Maiden resource declared of 214kt @ 1.5% Cu and 1.07g/t Au, confirming strong copper and gold grades. Infill and step-out drilling planned to test extensions and expand resource footprint. Strong Foundation for Further Growth The increase in Measured and Indicated resources provides a robust platform for future Ore Reserve growth. Work programs underway to increase processing plant throughput and evaluate potential expansion to boost mine life and cash flow Kingston Resources Managing Director and CEO, Andrew Corbett said: 'This growth in the estimated Mineral Resource represents a major advance in our growth strategy for Mineral Hill. The 29% uplift in total resources (after accounting for mining depletion), including a significant increase in high-confidence Measured and Indicated tonnes, demonstrates the strength and scalability of this asset. One of the keys of our growth strategy is expanding the available resource. We've added over 2.2 million tonnes of new Mineral Resources, expanding the foundation for future Ore Reserve growth and positioning Mineral Hill for long-term, sustainable production. The upgrade at Parker's Hill and the new resource at Red Terror underscore the exceptional potential of the broader system - both are expected to be big contributors to our growth pipeline. The inventory of SOZ Measured resources significantly de-risks our near term mine plans. Having 327kt of high grade gold and copper mineralisation available strengthens our ability to keep margins high as we transition to underground mining in 2026. We expect to incrementally increase the processing plant throughput rate with the current plant configuration. The mining studies we'll be kicking off will look at how we can grow the life-of-mine and increase the mining rate to support a larger expansion of our processing capacity and cash flow. With mining studies now underway and drilling continuing across surface and underground targets, Kingston is focused on converting resources to reserves, extending mine life, and growing cash flow. We're building real momentum toward our goal of becoming a multi-asset, mid-tier Australian gold and copper producer.' Competent Person Statement Competent Person's Statement - Mineral Resource Reported in Accordance with 2012 JORC Code - Mineral Hill. The information in this report that relates to the reporting of the Mineral Hill Mine Mineral Resource Estimate is based on and fairly represents, information and supporting documentation compiled by Mr. Stuart Hayward (BAppSc (Geology)) MAIG, who is a Member of the Australian Institute of Geoscientists . Mr. Stuart Hayward is a full-time employee of Kingston Resources Limited . Mr. Hayward has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Hayward confirms that the information in the market announcement provided is an accurate representation of the available data and studies for the material mining project and consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original report. (C) 2025 Electronic News Publishing, source ENP Newswire

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